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320 Capital Dr

4,680 SF 100% Leased Retail Building Charlottetown, PE C1E 3N1 $3,390,000 CAD ($724 CAD/SF)

Investment Highlights

  • STRONG COVENANTS
  • LONG TERM WALT
  • EXCEPTIONAL CONSTRUCTION
  • PRIME LOCATION

Executive Summary

CBRE is pleased to offer for sale 320 Capital Drive in Charlottetown, Prince Edward Island (the “Property”). The Property, situated at a major traffic circle with easy access from Capital Drive and Maypoint Road, is easily accessible and benefits from daily high traffic numbers. This intersection is part of the Trans Canada Highway and connects Charlottetown to the West side of Prince Edward Island and is a major thoroughfare for those coming to the Island from the Confederation Bridge.
Built in 2019, the Property offers state-of-the-art construction that has been thoughtfully designed to exceed today’s tenant expectations. The Property was constructed to a high standard that aesthetically stands out and reduces the life-cycle costs of the building and its operations.
100% occupied by three strong covenants with a weighted average lease term (WALT) of over 11 years, this opportunity provides a buyer with a sound investment that requires minimal management.
Letters of Intent may be presented at any time and will be responded to by the Vendor as they are received. A selection of property and building reports are available for viewing at our ShareFile data room. For access assistance, please contact one of our advisors.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
4,680 SF
Building Class
B
Year Built
2019
Price
$3,390,000 CAD
Price Per SF
$724 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
2.00 AC
Zoning
C-2 - Highway Commercial
Parking
54 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Signage

Nearby Major Retailers

Tim Hortons
CrossFit
TD Canada Trust
Starbucks
Boston Pizza
Montana’s BBQ & Bar
Sobeys
  • Listing ID: 33841199

  • Date on Market: 2024-11-12

  • Last Updated:

  • Address: 320 Capital Dr, Charlottetown, PE C1E 3N1

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